---
title: Majority of Shadow Board members recommend a 25 basis-point OCR cut in August
description: The majority of Shadow Board members recommend a 25 basis-point OCR cut in August.
---

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# [Majority of Shadow Board members recommend a 25 basis-point OCR cut in August](https://www.nzier.org.nz/news/majority-of-shadow-board-members-recommend-a-25-basis-point-ocr-cut-in-august)

 Written by [The NZIER Team](https://www.nzier.org.nz/news/author/the-nzier-team) | August 17, 2025

Regarding what the Reserve Bank of New Zealand (RBNZ) should do at the upcoming August **Monetary Policy Statement**, the NZIER **Monetary Policy Shadow Board**’s view ranged from a 50 basis-point OCR cut to no change. However, the majority recommended a 25 basis-point cut to bring the OCR to 3 percent.

[View full post](https://www.nzier.org.nz/news/majority-of-shadow-board-members-recommend-a-25-basis-point-ocr-cut-in-august)

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